6TH BIPARTITE SETTLEMENT PDF

Basic Pay Chart of Officers – (Settlement wise). S No. 5th Bipartite Settlement, 6th Bipartite Settlement, 7th Bipartite Settlement, 8th Bipartite Settlement. Wage Revision of banks employees’ is done through bipartite settlement between UFBU and IBA. 6th Bipartite settlement, , , 28 months. The Fifth Bipartite Settlement dt. , , , , Settlement on Pension & Computerisation dt. The Sixth BPS dt .

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It is generally perceived that there is scope for redeployment of staff in banking industry. In substitution of Clause 7 of the Bipartite Settlement dated 14th February,with effect from 1st November, the City Compensatory Allowance shall be payable as per the following rates: All other existing provisions shall remain unchanged.

In substitution of Clause 17 of the Bipartite Settlement dated 14th February,with effect from 1st November,the reimbursement of hospitalisation expenses shall be as agreed hereunder: At places situated at a height of bipartte metres but less than metres and Mercara Town. Scales of Pay, Dearness Allowance and consolidated wages to part time employees working for less than 6 hours per week.

Places with population of 2 lakhs and over [other than places in i above] and State Capitals and Capitals of Union Territories. The agreement settlemeng as aforesaid shall amend, modify and supersede the relevant provisions of the Awards and the Settlements wherever referred to in this Settlement.

Clerical Staff a 0. Dearness Allowance shall be calculated and paid on Basic Pay, Special Pay, Graduation Pay, Professional Qualification Pay and Officiating Pay, if any, payable under this settlement in respect of both clerical and subordinate staff. Mumbai, Calcutta, Chennai, Delhi – Rs. In supersession of Clause 5 of Bipartite Settlement dated 28th November, with effect from the date of this Settlement compensation on transfer shall be as under: In supersession of Clause 4 of Bipartite Settlement dated 14th February, and Clause 1 of Bipartite Settlement dated 14th Decemberwith effect from 1st November, the scales of pay shall be as under: In respect of employees who had received their fourth stagnation setttlement on or after 1st November, but before 1st November,the fifth stagnation increment shall be released on and from 1st November, It is agreed that for the purpose of this Settlement Pension be costed at Special provision for State Bank of India.

It is clarified that there shall be no ceiling on Dearness Allowance.

In partial modification of Clause 5 a of Bipartite Settlement dated 14th February,both clerical and subordinate staff shall be eligible for five stagnation increments with effect from 1st November, at the rates and frequencies as stated hereunder: Such leave not exceeding a day if availed on grounds of sickness, shall be allowed without production of medical certificate.

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The Unions put forward a demand for giving yet another opportunity to those employees who had not opted for pension earlier. In partial modification of Clause 9 of the Bipartite Settlement dated 10th April,with effect from 1st November,washing allowance shall be payable Rs.

In substitution of Clause 16 of the Bipartite Settlement dated 14th February,with effect from 1st November,the reimbursement of medical expenses under medical aid scheme shall be restricted to an amount of: It is desirable that these imbalances in deployment of staff are corrected.

In partial modification of Clause 4 of the Bipartite Settlement dated 28th November, with effect from 1st April,split duty allowance shall be payable as under: In partial modification of Clause 9 of the Bipartite Settlement dated 14th February, and Clause 2 of the Bipartite Settlement dated 14th December, the nomenclature of “Conveyance Allowance” shall be termed as “Transport Allowance” and the same shall be paid Rs.

The clerical and settlemeht subordinate staff on reaching the maximum in their respective scales of pay shall draw FIVE stagnation increments at the rate of Rs.

6th BIPARTITE SETTLEMENT

The earlier provisions relating to maternity leave as in Clause Special compensatory provisions in respect of State Bank of India may be reviewed and settled at bank level. Where quarters are provided, HRA shall not be payable, and the rent to be recovered shall be 2.

Places with population of more than 12 lakhs. Paradip Port Town Allowance. In supersession of Clause 10 of the Bipartite Settlement dated 14th February,with effect from 1st April, While IBA expressed its inability to consider the demand of the Unions, on their insistence however, it agreed to forward the demand to the Government of India. In partial modification of Para IX 3 of Bipartite Settlement dated 17th September,the following provisions shall apply with effect from the date of this Settlement.

The parties initially agreed after prolonged negotiations that the total quantum of wage increase arising out of a Settlement to be signed in this regard shall be In modification of Clause 14 of the Bipartite Settlement dated 14th February,with effect from hipartite date of this Settlement, halting allowance shall seettlement payable at the following rates for the days spent on duty outside the headquarters: All other places – Rs.

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Bank Clerk Pay Scales in India:1st, 2nd, 3rd, 4th, 5th, 6th, 7th, 8th, 9th-10th Settlement

Note All other existing provisions relating to City Compensatory Allowance shall remain unchanged. All other existing provisions relating to Dearness Allowance Scheme shall remain unchanged. In partial modification of Clause 15 a of the Bipartite Settlement dated 10th April, and Clause 13 of the Bipartite Settlement dated 14th February,the Hill and Fuel Allowance shall be payable at the following rates with effect from 1st November, In respect of Indian Overseas Bank the provisions of the Awards as further modified by the Settlements dated 14th December,17th December,29th Aettlement,23rd March,1st August,31st October,21st April,8th September,17th September,5th January,10th April,29th June,16th July,29th October, settlemeht, 14th February,14th December, and 28th November, shall continue sethlement govern the service conditions of the workmen except to the extent the same are modified by this settlement.

The above provision will apply for crediting settlemrnt leave from the Calendar Year In respect of Bank of Baroda, the provisions of the Awards as further modified by the Settlements dated 23rd December,19th December,1st August,31st October,21st April,8th September,17th September,5th January,10th April,29th June,16th Settldment,29th October,14th February, settlemebt, 14th December, and 28th November, shall continue to bipartife the service conditions of the workmen except to the extent the same are modified by this settlement.

Split Duty Allowance, Cycle Allowance and Overtime Allowance It is clarified that while calculating the arrears for the period of the Settlement uptilif the net difference between the existing total emoluments and the revised total emoluments after Provident Fund deduction is negative, the same shall be ignored.

Bank level agreements, if any, as of now may require appropriate amendments which shall be mutually settled. All other existing provisions relating to House Rent Allowance shall remain unchanged.

Voluntary Cessation of Employment. Provided further that an employee who has on or after 1. At places situated at a height of and over metres but below metres. Reimbursement of Expenses on Road Travel. Given the environment of competition in the banking industry gaining momentum day by day, it is imperative that the banks are well equipped with state of art technology bippartite enhance customer satisfaction which in turn enhances efficiency and productivity.